empty
24.01.2025 12:40 PM
Forecast for EUR/USD on January 24, 2025

On Thursday, the EUR/USD pair rebounded from the 76.4% Fibonacci corrective level at 1.0376, reversed in favor of the euro, and secured above the 100.0% Fibonacci level at 1.0437. This indicates that the upward movement may continue toward the next corrective level of 127.2% at 1.0507. The upward trend channel continues to signal a bullish market sentiment. A decline in the euro seems unlikely in the near term.

This image is no longer relevant

The wave structure remains clear. The last completed downward wave broke the low of the previous wave, while the current upward wave has yet to surpass its previous peak. This indicates that the bearish trend is still ongoing, with no signs of a reversal. For a trend reversal to occur, the euro must rise confidently above the 1.0460 level and close above it within the current wave. This could happen as soon as today.

The economic calendar on Thursday was relatively quiet. However, Donald Trump made headlines once again with his speech at the Davos International Forum, where he delivered several bold statements. While not all of his claims are likely to materialize, his remarks often influence the market. The U.S. president stated that he will demand monetary policy easing from the Federal Reserve.

It's worth noting that Trump previously pressured the Fed during his first term, arguing that high interest rates make the dollar "too strong," which hinders U.S. exports. At the time, Fed Chair Jerome Powell resisted Trump's demands. Today, Powell remains at the helm, and it is unlikely that Trump will succeed in influencing him. Therefore, I do not expect the FOMC to cut rates in 2025 beyond what it has already planned, or beyond what inflation allows. Nonetheless, Trump's remarks prompted selling pressure on the dollar.

This image is no longer relevant

On the 4-hour chart, the pair has risen to the 127.2% Fibonacci corrective level at 1.0436 and secured above it. This suggests that the upward movement may continue toward the next Fibonacci level of 100.0% at 1.0603. Furthermore, the euro has broken above the downward trend channel, signaling a gradual shift to a bullish trend. However, the duration of this bullish trend remains uncertain.

Commitments of Traders (COT) Report

This image is no longer relevant

During the last reporting week, speculators closed 3,743 long positions and 7,470 short positions. The sentiment among the "Non-commercial" group remains bearish, indicating a potential further decline for the pair. The total number of long positions held by speculators now stands at 162,000, while short positions total 223,000.

For 18 consecutive weeks, major players have been offloading the euro. This confirms a bearish trend without any exceptions. Occasionally, bulls dominate within certain weeks, but these instances are exceptions rather than the rule. The main driver for the dollar's decline—expectations of FOMC monetary policy easing—has already been priced in, leaving the market with little reason to sell the dollar further. However, new reasons may emerge soon, potentially even this week. For now, the rise of the U.S. dollar appears more probable. Graphical analysis also supports the continuation of the long-term bearish trend, suggesting further declines in the EUR/USD pair.

Economic Calendar for the EU and the US:

  • EU: German Services PMI (08:30 UTC)
  • EU: German Manufacturing PMI (08:30 UTC)
  • EU: Eurozone Services PMI (09:00 UTC)
  • EU: Eurozone Manufacturing PMI (09:00 UTC)
  • US: Services PMI (14:45 UTC)
  • US: Manufacturing PMI (14:45 UTC)
  • US: New Home Sales (15:00 UTC)
  • US: Consumer Sentiment Index (15:00 UTC)

The economic calendar for January 24 is packed with entries, mostly focused on business activity data. The impact of the news background on market sentiment may be moderate and could manifest at various times throughout the day.

Forecast for EUR/USD and Trading Recommendations

Selling opportunities may arise if the pair consolidates below the upward trend channel on the hourly chart. Currently, there is a high probability of a bullish trend reversal. Buying opportunities were present after a rebound from the 1.0336–1.0346 zone with targets at 1.0435–1.0448, which have already been achieved. New buying opportunities may arise after further rebounds or consolidations on the hourly chart.

Fibonacci levels are plotted at 1.0437–1.0179 on the hourly chart and 1.0603–1.1214 on the 4-hour chart.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Isyarat Dagangan EUR/USD untuk 24-26 April 2025: jual di bawah 1.1435 (21 SMA - 7/8 Murray)

Pada awal sesi dagangan Amerika, pasangan EUR/USD didagangkan sekitar paras 1.1358 dalam saluran menurun yang terbentuk sejak 18 April. Pasangan ini masih berada di bawah tekanan menurun. Kami berpendapat instrumen

Dimitrios Zappas 17:06 2025-04-24 UTC+2

EMAS. Harga Emas Berkemungkinan Menyusut Dengan Ketara Dalam Masa Terdekat

Harga emas baru-baru ini mengalami pembetulan yang ketara berikutan jangkaan pasaran terhadap permulaan rundingan sebenar antara Amerika Syarikat dan China berhubung tarif serta perdagangan secara keseluruhan. Kenyataan Setiausaha Perbendaharaan

Pati Gani 09:38 2025-04-24 UTC+2

Analisis Teknikal Pergerakan Harga Instrumen Komoditi Perak, Khamis 24 April 2025.

Pada carta 4 jam, instrumen komoditi Silver kelihatan meskipun keadaannya mengukuh di mana ini disahkan oleh pergerakan harga Silver yang bergerak di atas WMA (30 Shift 2) yang juga mempunyai

Arief Makmur 06:18 2025-04-24 UTC+2

Analisis Teknikal Pergerakan Harga Indeks Nasdaq 100, Khamis 24 April 2025.

Walaupun pada carta 4 jam indeks Nasdaq 100 berada dalam keadaan mendatar (Sideways), julat pergerakannya masih cukup luas, sekali gus menawarkan peluang yang agak menarik pada indeks ini. Ketika

Arief Makmur 06:18 2025-04-24 UTC+2

Isyarat Dagangan untuk EMAS (XAU/USD) bagi 23-25 April, 2025: jual di bawah $3,333 (200 EMA - 6/8 Murray)

Rancangan dagangan kami untuk beberapa jam akan datang adalah menjual emas di bawah $3,333, dengan sasaran pada $3,313 dan $3,291. Kami boleh membeli di atas $3,280 dengan sasaran jangka pendek

Dimitrios Zappas 14:31 2025-04-23 UTC+2

Analisis Teknikal Pergerakan Harga Harian Pasangan Mata Wang Silang AUD/JPY, Rabu, 23 April 2025.

Dengan kemunculan Divergence antara pergerakan harga pasangan mata wang silang AUD/JPY dengan penunjuk Pengayun Stochastic dan pergerakan harga AUD/JPY yang berada di atas WMA (30 Shift 2) yang juga mempunyai

Arief Makmur 06:37 2025-04-23 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Instrumen Komoditi Emas, Rabu, 23 April 2025.

Jika kita melihat carta 4 jam, instrumen komoditi Emas masih menunjukkan kecenderungan Menaik, namun kemunculan Perbezaan (Divergence) antara pergerakan harga Emas dan penunjuk Pengayun Stochastic memberi isyarat bahawa dalam masa

Arief Makmur 06:37 2025-04-23 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Pasangan Mata Wang Bersilang GBP/CHF, Selasa 22 April 2025.

Jika kita meneliti carta 4 jam bagi pasangan silang mata wang GBP/CHF, terdapat beberapa fakta menarik. Pertama sekali, kemunculan corak Segitiga yang diiringi oleh purata bergerak eksponen EMA (21) yang

Arief Makmur 06:58 2025-04-22 UTC+2

Analisis Teknikal Pergerakan Harga Harian bagi Pasangan Mata Wang Silang AUD/CAD, Selasa 22 April 2025.

Dengan pergerakan harga pasangan mata wang silang AUD/CAD bergerak di atas WMA (21) yang mempunyai cerun menaik dan penampilan Konvergensi antara pergerakan harga AUD/CAD dan penunjuk Pengayun Stochastic, ia memberikan

Arief Makmur 06:58 2025-04-22 UTC+2

Isyarat Dagangan EMAS (XAU/USD) untuk 21-25 April 2025: jual di bawah $3,422 (terlebih beli - 8/8 Murray)

Penunjuk eagle telah mencapai tahap terlebih beli. Walau bagaimanapun, logam tersebut masih boleh mencapai paras tinggi sekitar 8/8 Murray, yang mewakili rintangan kuat untuk emas. Di bawah kawasan ini, kita

Dimitrios Zappas 17:23 2025-04-21 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.